THIRD AMENDED AND RESTATED CREDIT AGREEMENT Dated as of March 11, 2016 among PAREXEL INTERNATIONAL CORPORATION, and CERTAIN SUBSIDIARIES as Borrowers, THE SUBSIDIARY GUARANTORS PARTY HERETO, BANK OF AMERICA, N.A., as Administrative Agent, Swing Line...Credit Agreement • March 17th, 2016 • Parexel International Corp • Services-commercial physical & biological research • New York
Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level VI shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. The Applicable Rate in effect from the Closing Date through the date on which a Compliance Certificate for the period ending September 30, 2016 is delivered (subject to the proviso in the immediately preceding sentence) shall be determined based upon Pricing Level II.
